Deepak Nitrite Ltd fundamental analysis reveals key financial metrics: Market Cap of ₹40,283 crore, PE Ratio of 49.68, Debt to Equity of 5.93, and Return on Equity of 18.2%. These indicators offer insights into the company’s financial health and market valuation.
Content:
- Deepak Nitrite Ltd Overview
- Deepak Nitrite Financial Results
- Deepak Nitrite Financial Analysis
- Deepak Nitrite Ltd Company Metrics
- Deepak Nitrite Ltd Stock Performance
- Deepak Nitrite Ltd Peer Comparison
- Deepak Nitrite Shareholding Pattern
- Deepak Nitrite History
- How To Invest In Deepak Nitrite Ltd Share?
- Deepak Nitrite Limited Fundamental Analysis – FAQs
Deepak Nitrite Ltd Overview
Deepak Nitrite Ltd is an Indian company engaged in manufacturing and trading of chemicals. It operates in the chemical sector, with two main segments: Advanced Intermediates and Phenolics, serving various industries.
The company is listed on both the NSE and BSE. With a market capitalization of ₹40,283 crore, it’s currently 7.3% away from its 52-week high and 53.68% away from its 52-week low.
Deepak Nitrite Financial Results
Deepak Nitrite Ltd reported steady financial performance from FY 23 to FY 24, with slight variations in key financial metrics. The company has demonstrated resilience and growth across its revenue, equity, liabilities and profitability measures, indicating a stable financial position.
1. Revenue Trend: Sales slightly decreased from ₹7,972 crore in FY 23 to ₹7,682 crore in FY 24, reflecting a stable yet competitive market environment.
2. Equity and Liabilities: Equity remained constant at ₹27.28 crore, with total liabilities increasing from ₹5,129 crore in FY 23 to ₹6,096 crore in FY 24, showing a rise in non-current liabilities.
3. Profitability: Operating Profit Margin (OPM) decreased slightly to 15% in FY 24 from 16% in FY 23, indicating a slight dip in operational efficiency.
4. Earnings per Share (EPS): EPS decreased from ₹62.46 in FY 23 to ₹59.45 in FY 24, reflecting a marginal decline in profitability per share.
5. Financial Position: The total assets increased from ₹5,129 crore in FY 23 to ₹6,096 crore in FY 24, indicating improved financial stability and asset growth for the company.
Deepak Nitrite Financial Analysis
| FY 24 | FY 23 | FY 22 | |
| Sales | 7,682 | 7,972 | 6,802 |
| Expenses | 6,559 | 6,683 | 5,199 |
| Operating Profit | 1,123 | 1,289 | 1,604 |
| OPM % | 15 | 16 | 24 |
| Other Income | 156 | 48 | 43 |
| EBITDA | 1,199 | 1,337 | 1,646 |
| Interest | 12 | 25 | 34 |
| Depreciation | 166 | 166 | 178 |
| Profit Before Tax | 1,102 | 1,146 | 1,434 |
| Tax % | 26 | 26 | 26 |
| Net Profit | 811 | 852 | 1,067 |
| EPS | 59.45 | 62.46 | 78.2 |
| Dividend Payout % | 12.62 | 12.01 | 8.95 |
* Consolidated Figures in Rs. Crores
Deepak Nitrite Ltd Company Metrics
Deepak Nitrite Ltd company metrics include a market capitalization of ₹40,283 crore, a book value per share of ₹352, and a face value of ₹2. With a debt-to-equity ratio of 5.93, return on equity of 18.2%, and a 0.25% dividend yield, these figures underscore the company’s financial position and investment profile.
Market Capitalization:
Market Capitalization represents the total market value of Deepak Nitrite’s outstanding shares, amounting to ₹40,283 crore.
Book Value:
The book value per share of Deepak Nitrite Ltd is ₹352 indicating the value of the company’s net assets divided by its shares outstanding.
Face Value:
The face value of Deepak Nitrite’s shares is ₹2, which is the original cost of the shares as stated on the certificate.
Asset Turnover Ratio:
The asset turnover ratio of 1.4 measures how efficiently Deepak Nitrite uses its assets to generate revenue.
Total Debt:
The total debt of ₹286.08 crore represents the sum of all short-term and long-term debt obligations of Deepak Nitrite.
Return on Equity (ROE):
The ROE of 18.2% measures Deepak Nitrite’s profitability in generating income from its equity investments.
EBITDA (Q):
The quarterly EBITDA of ₹400.06 crore represents Deepak Nitrite’s earnings before interest, taxes, depreciation, and amortization.
Dividend Yield:
The dividend yield of 0.25% shows the annual dividend payment as a percentage of Deepak Nitrite’s current share price, indicating the return on investment from dividends alone.
Deepak Nitrite Ltd Stock Performance
The table highlights strong returns: 38.6% in 1 year, 9.95% over 3 years, and 60.0% over 5 years, showcasing significant long-term growth potential.
| Period | Return on Investment (%) |
| 1 Year | 38.6 |
| 3 Years | 9.95 |
| 5 Years | 60.0 |
Example: If an investor had invested ₹1,000:
1 year ago, their investment would be worth ₹1,386.
3 years ago, their investment would have grown to approximately ₹1,099.50.
5 years ago, their investment would have increased to ₹1,600.
Deepak Nitrite Ltd Peer Comparison
Deepak Nitrite Ltd shows a P/E of 49.68 and ROE of 16%, outperforming peers like Gujarat Fluorochemicals and BASF India in return on equity. The company’s 1-year return of 38.65% and a dividend yield of 0.26% highlight its solid performance in the sector.
| Name | CMP Rs. | Mar Cap Rs.Cr. | P/E | ROE % | EPS 12M Rs. | 1Yr return % | ROCE % | Div Yld % |
| Pidilite Inds. | 3,025 | 1,53,854 | 82 | 23 | 36 | 20 | 30 | 0.53 |
| SRF | 2,483 | 73,595 | 60 | 12 | 41 | 10 | 13 | 0.29 |
| Linde India | 7,199 | 61,393 | 140 | 13 | 52 | 52 | 17.36 | 0.05 |
| Deepak Nitrite | 2,847 | 38,825 | 50 | 16 | 63 | 38.65 | 21.65 | 0.26 |
| Gujarat Fluoroch | 3,272 | 35,946 | 105 | 8 | 31 | 16 | 10 | 0.12 |
| Godrej Industrie | 889 | 29,932 | 61 | 1 | 6 | 79 | 5.59 | – |
| BASF India | 6,668 | 28,866 | 44 | 19 | 155 | 181 | 24.99 | 0.21 |
Deepak Nitrite Shareholding Pattern
Deepak Nitrite Ltd has a promoter holding of 49.24% in June 2024, slightly up from 49.13% in March and December 2023. FIIs hold 6.86%, DIIs have 21.20%, while retail and others own 22.70%, down from 24.87% in March 2024.
| All values in % | Jun-24 | Mar-24 | Dec-23 |
| Promoters | 49.24 | 49.13 | 49.13 |
| FII | 6.86 | 6.72 | 6.48 |
| DII | 21.20 | 19.27 | 18.87 |
| Retail & others | 22.70 | 24.87 | 25.52 |
Deepak Nitrite History
Deepak Nitrite Limited is an India-based company specializing in the manufacturing and trading of chemicals. The company operates through two main segments: Advanced Intermediates and Phenolics, offering a diverse range of chemical products to various industries.
The Advanced Intermediates segment produces chemicals such as sodium nitrite, sodium nitrate, nitro toluidines, fuel additives, and specialty agrochemicals. The Phenolics segment focuses on products like cumene, phenol, acetone and isopropyl alcohol, catering to a wide range of industrial applications.
Deepak Nitrite’s products serve numerous industries, including colorants, rubber chemicals, explosives, dyes, pharmaceuticals, agrochemicals and personal care. The company has strategically located manufacturing facilities in Gujarat, Maharashtra and Telangana, ensuring efficient production and distribution across India.
How To Invest In Deepak Nitrite Ltd Share?
To invest in Deepak Nitrite shares, open a demat account with Alice Blue. Research the company’s fundamentals, financial performance and position in the chemical industry. Analyze historical stock data and compare it with industry peers.
Determine your investment strategy based on your financial goals and risk tolerance. Consider factors such as the company’s product portfolio, market demand for chemicals and growth potential in various industries it serves. Decide on the investment amount and timing.
Place your order through the broker’s platform. Regularly monitor your investment, staying updated on company news, quarterly results and chemical industry trends. Consider seeking advice from a financial advisor for personalized guidance and to ensure your investment aligns with your overall portfolio strategy.
Deepak Nitrite Limited Fundamental Analysis – FAQs
Deepak Nitrite Ltd fundamental analysis reveals a Market Cap of ₹40,283 crore, PE Ratio of 49.68, Debt to Equity of 5.93 and Return on Equity of 18.2%. These metrics provide insights into the company’s financial health, profitability, and market valuation.
Deepak Nitrite Ltd market capitalization is ₹40,283 crore. This figure represents the total value of the company’s outstanding shares in the stock market, calculated by multiplying the current stock price by the number of outstanding shares.
Deepak Nitrite Limited is an Indian chemical manufacturing company specializing in the production and trading of various chemical products. It operates through two main segments: Advanced Intermediates and Phenolics, serving diverse industries such as colorants, pharmaceuticals, and agrochemicals.
Deepak Nitrite is a public limited company with diversified ownership. The Mehta family, particularly Deepak C. Mehta, holds a significant stake as promoters. As a listed entity, ownership is distributed among various institutional investors and public shareholders through stock market listings.
The main shareholders of Deepak Nitrite Ltd include the promoter group led by the Mehta family, along with institutional investors and public shareholders. For the most current and accurate information on major shareholders, refer to the company’s latest shareholding pattern disclosure.
Deepak Nitrite operates in the chemical manufacturing industry. The company specializes in producing a wide range of chemical products, including advanced intermediates and phenolics, catering to various sectors such as colorants, pharmaceuticals, agrochemicals, and personal care industries.
To invest in Deepak Nitrite shares, open a demat account with Alice Blue. Research the company’s performance and chemical industry trends. Decide on your investment strategy. Place your order through the broker’s platform. Regularly monitor your investment, staying informed about market conditions. Consider seeking financial advice for personalized guidance.
Determining if Deepak Nitrite is overvalued or undervalued requires analyzing its financials, growth prospects, industry position, and peer comparison. Consider factors like PE ratio, future earnings potential, and chemical industry trends. Consult recent analyst reports for expert opinions on the company’s valuation.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
